Pedro Point Shopping Center

Location: Pacifica, CA
Type: Retail
Price: $ 6,000,000

SMC’s $6,000,000 first mortgage loan facilitated the refinance of Pedro Point Shopping Center, a 91% leased, 20,395 SF retail center, anchored by Fresh & Easy. The Property is located in Pacifica, CA in San Mateo County, 12 miles south of San Francisco and only 5 miles from San Francisco International Airport along the coast of the Pacific Ocean. The improvements were originally constructed in 1980 and substantially renovated in 2009. The 2009 renovation involved replacing all major mechanical systems (HVAC, electrical, water lines), installing several new building green features (skylights, upgraded insulation, bike racks, dry landscaping), and a comprehensive redesign of the building exterior and facade for modernization and eco-friendliness required for LEED Gold certification.